Legal 3 Family, Good Property to own live in one apartment and rent the other two or keep as investment.
PROJECTION:
FLOOR-1 TWO BEDROOMS $2,500 Mo.
FLOOR-2 THREE BEDROOMS $3,500 Mo.
FLOOR-3 THREE BEDROOMS $3,500 Mo.
Tot. Year inclome: $114,000
Tot. Year Expense: $17,000 (taxes, Ins., Heat)
NOI: $97,000 Yr. (Net)
appx. 8% Cap rate
Lease and resell for new value with a 5% Cap rate for $1,940,000 -- Retun profit of $699,000 within 6 months to 1 year.
The information has ben provided by the seller and has not been verified bythe Broker. Information is deemed reliable but not guaaranteed.
Type:
Single-family residential
Heating:
Baseboard, Natural Gas
Construction
Block, Brick
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Elementary School:
Pioneer Academy
Middle School:
Jhs 216 George J Ryan
High School:
Channel View School For Research
School District:
Community District 27
1409 PINSON, Far Rockaway, NY, 11691
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
